630 N Lorel Avenue
Chicago, IL, 60644
$785,000
12 Beds
4 Baths
0 SqFt
0 Acres
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MLS #MRD12592879 image #0
Rare opportunity to acquire a high-performing, turnkey 4-unit brick building on an oversized 50×133 lot with two 2-car garages. Very desirable layout with 2 units on each side of the building. Exceptionally well-maintained and meticulously kept with strong, long-term tenants and pride of ownership throughout. All units are spacious 3BR/1BA with updated kitchens and baths, in-unit washer/dryers, hardwood floors throughout, tall ceilings, large living areas, and ample closet space-highly attractive layouts for tenant retention and rental growth. Building includes circuit breaker electrical, central air and heat, with 3 furnaces and 4 A/C condensers (approx. 4 years old), minimizing near-term capital expenses. Expansive rear porches and a tall, full basement with separate entrances on both sides. The basement includes 4 built-out storage units and offers significant value-add potential for duplex-down or additional units. Property features a new sidewalk and is fully gated for added security. Strong in-place income: $7,055/month and a low operating expenses, making this a compelling cash-flowing asset in today’s market. Positioned near Chicago Ave with major ongoing development, including the $37.5M Laramie Bank redevelopment just one block north-driving long-term appreciation and rental demand. Ideal for investors seeking strong cash flow, minimal deferred maintenance, and clear upside potential. Opportunities like this are limited!

Property Details

Price:
$785,000
MLS #:
MRD12592879
Status:
Active Under Contract
Beds:
12
Baths:
4
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
Mar 18, 2026
Year Built:
1923
Chi – AustinChiaustin

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Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Garage Spaces
4
Other Structures
Second Garage, Garage(s)
Parking Features
Garage Door Opener, Garage, Yes, Garage Owned, Detached
Parking Spots
4
Parking Total
4
Roof
Rubber
Window Features
Screens

Financial

Tax Year
2024
Taxes
$7,835

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of May 15, 2026
1,372
Multi Family Listed
79
Avg DOM
$514,885
Avg List Price

Property Summary

    630 N Lorel Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60644. It is listed for $785,000

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630 N Lorel Avenue
Chicago, IL